Tag Archives: luxury

People often ask about the most expensive homes for sale in the New River Valley, and it’s interesting to see what’s sold. In years past, the spread between the homes has been close, but in 2016, the most expensive home was double the fifth most expensive home! Take a look below at the five most expensive residences sold in the NRV in 2016.

#5 – $775,000 339 Airport Road, Blacksburg – listed by Nest Realty, this one-of-a-kind home was prized both for the features inside, but also the nearly 1-acre flat lot in Town, which as you know can be a rarity. With an amazing kitchen and double-sided fireplace, coffered ceilings, and a two-story screened porch, the custom design screamed elegance, and buyers responded – it was only on the market for 26 days.

#4 – $780,000 1491 Falcon Ridge Rd, Blacksburg – this monster, listed by Porch and Picket Real Estate, had been remodeled top-to-bottom by the owner over the course of a year and a half. Every surface of the home had been touched, and the home boasted one of the largest kitchens we’ve ever seen. This home is now back on the market again, with Coldwell Banker Townside – let us know if you’d like to have a look.

#3 – $875,000 570 Wood Haven Ct, Blacksburg – what do you get the most discriminating buyer? This home, listed by Coldwell Banker Townside, this was one of the most beautiful homes I’ve ever seen. A manicured setting amongst towering trees, this home with view of Ellett Valley was simply spectacular in every way. It was comfortable, yet elegant, which can be a rare combination.

#2 – $885,000 1401 Pebble Beach Rd, Blacksburg – located in the Country Club, this home on the backside of the Country Club backed right to the golf course. A pocket listing by Long & Foster-Blacksburg, the listing agent had a buyer lined up and ready to go, so it was never exposed to the market. We’re certain, though, it was nice. I mean, it was the second most expensive home sold in 2016.

And finally – the most expensive home sold in the New River Valley in 2016!

$1,500,000 1655 Plank Dr, Blacksburg – another pocket listing at the Blacksburg Country Club, this home listed by Coldwell Banker Townside takes the #1 spot for most expensive in 2016. Maxing out at a whopping 7716 square feet, the custom-designed Craftsman surely had all the bells and whistles you’d expect to find in a home of this caliber, and more than 4 acres of land surrounding it. This house sold in February, setting the bar high early in the year, and no one was going to come close to it for the rest of 2016.

So there you have it – the most expensive sales in the NRV in 2016. Any surprises? I’ll tell you what, for me it’s nice to see more and more agents using professional photography – we’ve been preaching it for years, and agents are finally coming around to the idea.

Looking for your next Nest? It doesn’t have to be expensive – find it here.

I get asked all the time, “what’s the most expensive house on the market in the New River Valley right now?”.

As of a couple of months ago, it was a nice Victorian in Christiansburg, on the market for the “bargain” price of $2,000,000. That house has since lost the title, however, when the West Wind Farm came on the market.

West Wind Farm

Listed by RE/Max First-Christiansburg, the home includes a vineyard and winery, set on 100 acres, in Max Meadows, VA. From the listing description:

West Wind Farm-Vineyard & Winery is an award-winning Virginia vineyard and winery producing quality certified label wines. After years of establishment, management, and growth, it is now being offered by the owners for sale as a complete, turnkey operation. One visit to the property and you’ll see a dedication to excellence everywhere you look. The owners have worked hard to develop a top-shelf business and it shows in this elite property. Nestled on a fourth-generation homestead in the Southwest Virginia Blue Ridge Mountains, West Wind Farm offers 100 acres of pristine land, vineyards, winery & tasting room, and beautiful custom 3,122 sq. ft. home surrounded by stunning vistas year around. Five acres of quality label certified vinifera varieties produce over 1600 cases of wine annually.

This sale will include all equipment needed to continue management of the winery and farm. Several revenue streams are established that will allow a new owner to generate income from day one.
ADDENDUM: The winery produces approximately 1,600 cases annually. 90-95% of sales occur on-site via the tasting room. West Wind Farm has been voted as one of the top 23 wineries in Virginia out of the 250+ in existence. The gift shop provides a comfortable shopping environment where guests can choose from a large selection of unique items that compliment their wine purchases. Corporate and social events can be held on-site. The outside gazebo surrounded by lush, green hills is the perfect site for an outdoor wedding. The formal dining room inside the winery has been home to catered meals for various corporate entities. The winery also hosts monthly dinners and seasonal concerts for their patrons. Off-site grape sales can also generate additional income for the business. About every other year, the owners sell surplus grapes to other wineries and clients in the state. The property also includes an 1850’s-era farmhouse that has tremendous potential for a bed and breakfast.

A few weeks ago I was at a conference, and the question was asked by a presenter “what’s the luxury market in your area?” I had an idea, but it was simply based on a gut feeling, and not rooted in stats. So, Alma helped me pulled the numbers for 2012 YTD in Blacksburg VA, which you’ll find below. And – shameless self-promotion – I’m proud to say Nest Realty was involved in the top two sales with these columbus apartments.

For disclosure, we looked at the top 10% of sales in the market, and are considering the “luxury” component to be the least expensive home in the top 10% of sales in Blacksburg.

In Blacksburg VA in 2012, the luxury real estate market starts at $412000. The average sales price YTD is $290266.

28 – 1207 Village Way South, $412000

27 – 603 Draper Road, $409000

26 – 6103 Albemarle Lane, $420000

25 – 405 Heartwood Crossing Road, $423100

24 – 806 Petra Pass, $425000

23 – 4330 McDowell Court, $425000

22 – 3005 Wakefield Drive, $425000

21 – 3002 Wakefield Drive, $432500

20 – 1304 Village Way South, $445000

19 – 1190 S Jefferson Forest Lane, $455000

18 – 2000 Hardwick Street, $470000

17 – 2201 Hardwick Street, $480000

16 – 960 S Jefferson Forest Lane, $480000

15 – 304 Vinyard Avenue, $483950

14 – 501 Cohee Road, $485900

13 – 1229 Brockton Street, $517500

12 – 1880 Augusta National Road, $530000

11 – 2070 Cascades Road, $540500

10 – 695 Deercroft Drive, $550000

9 – 405 Vinyard Avenue, $555000

8 – 1541 Clay Street, $560000

7 – 2229 Birch Leaf Lane, $573000

6 – 409 E Roanoke Street, $575000

5 – 700 Deercroft Drive, $583000

4 – 1507 Highland Circle, $645000

3 – 290 Deercroft Drive, $695000

2 – 1345 Falcon Ridge Drive, $723200

1 – 1651 Lusters Gate Road, $970000

Thoughts? Are you surprised by the number? Think it should be higher/lower?

A few weeks ago I was at a conference, and the question was asked by a presenter “what’s the luxury market in your area?” I had an idea, but it was simply based on a gut feeling, and not rooted in stats. So, Alma helped me pulled the numbers for 2012 YTD in Christiansburg VA, which you’ll find below. The only ones not listed are these luxury condos that are actually quite gorgeous.

For disclosure, we looked at the top 10% of sales in the market, and are considering the “luxury” component to be the least expensive home in the top 10% of sales in Radford.

In Christiansburg VA in 2012, the luxury real estate market starts at $293000. The average sales price YTD is $191250.

29 – 280 Revolution Circle, $293000

28 – 170 Revolution Circle, $293000

27 – 120 Amethyst Drive, $295000

26 – 1070 Green Ridge Road, $295000

25 – 1095 Stafford Drive, $295000

24 – 260 Alder Lane, $295000

23 – 100 Wenn Street, $297500

22 – 1061 Green Ridge Road, $300100

21 – 1770 Blake Drive, $305000

20 – 130 Sapphire Avenue, $310000

19 – 445 Diamond Crest, $313000

18 – 25 Welch Circle, $320000

17 – 105 Amethyst Drive, $324900

16 – 40 Florence Drive, $328424

15 – 2845 Wild Turkey Run, $340000

14 – 180 Revolution Circle, $342850

13 – 376 Declaration Lane, $349000

12 – 2111 Peakland Way, $375000

11 – 2065 Lake Vista Drive, $378000

10 – 60 Marquise Drive, $385000

9 – 115 Amethyst Drive, $385000

8 – 1125 Falcon Run Road, $389000

7 – 401 E. Main Street, $397000

6 – 180 Marquise Drive, $405000

5 – 260 Phoenix Boulevard, $409750

4 – 2281 Hitching Post Drive, $460000

3 – 245 Emerald Boulevard, $464000

2 – 2071 Peakland Way, $490000

1 – 1110 Cassatt Lane, $570000

Thoughts? Are you surprised by the number? Think it should be higher/lower?

Last week I was at a conference, and the question was asked by a presenter “what’s the luxury market in your area?” I had an idea, but it was simply based on a gut feeling, and not rooted in stats. So, Alma helped me pulled the numbers for 2012 YTD in Radford VA, which you’ll find below.

For disclosure, we looked at the top 10% of sales in the market, and are considering the “luxury” component to be the least expensive home in the top 10% of sales in Radford.

In Radford VA in 2012, the luxury real estate market starts at $224900. The average sales price YTD is $136319.

8 – 503 Eighth Street, $224900

7 – 95 Ninth Street, $243000

6 – 102 Fifth Street, $253000

5 – 120 Charmont Drive, $256500

4 – 200 Fourth Street, $263000

3 – 303 Woods View Court, $280000

2 – 304 Meadow Ridge Road, $304000

1 – 100 Walnut Lane, $327000

Thoughts? Are you surprised by the number? Think it should be higher/lower?

The data relating to real estate on this website comes in part from the Broker Reciprocity/IDX (Internet Data Exchange) Program of the New River Valley Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Nest Realty are marked with the Broker Reciprocity logo (IDX) and detailed information about them includes the name of the broker.